Bouygues : Feedback from meeting with CEOs: confidence in construction, optimism at BTel
>Excluding property, margin growth in construction in 2019 - We met with Philippe Marien and Olivier Roussat last Friday as the company started its road show after Q4 2018 publication. The group reiterated its operating margin guidance for construction activities for which the horizon is now clarified at “at 2-3 yearsâ€: between 3.5% and 4% for Colas, 3.5% in building and public works and 8% in property. Stripping out this last division (Equity Flash of 22 February), t...Bouygues is a global industrial group engaged in designing, building and operating structures in public and private buildings, transportation infrastructure and energy and communication networks. Co. operates in three sectors - Construction (Bouygues Construction, Bouygues Immobilier and Colas), Media (TF1) and Telecom (Bouygues Telecom). Construction is engaged in the design and maintenance of projects in the areas of building, civil works, energies and services; Media offers activities covering the audiovisual sector; and Telecom offers mobile broadband services and prepaid card services for smart phones, as well as a range of services including telemessaging, voice mail and WAP
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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